Bitcoin (BTC) is officially the best performing asset for 2021, data now confirms.
With October posting a 15% gain in five days, BTC has solidly outperformed total assets around the world with annual returns of just under 50%.
Bitcoin traders are up 49% since the beginning of the year
Despite Bitcoin’s unbridled ride throughout the year, the downside has failed to take hold of the market, with a 60% dip from its May highs now but canceled entirely.
Thus, the largest cryptocurrency is at least 13% ahead of commodities for the year, figures this week show, and 17% ahead of small businesses in the United States.
Compared to how some other investments have performed, the picture is more rosy for BTC users. European shares, for example, are up only 10.3% since the beginning of this week.
“After a solid performance in the third quarter, Bitcoin is now up +49.1% YTD,” Bitcoin Twitter account. hung On the dataset from investment firm NYDIG.
“Best performing asset class for 2021.”
Altcoins keep the surprises coming
As Cointelegraph reports, September has historically been an unimpressive month for Bitcoin, while October sees the opposite effect.
Related: These 3 indicators flashed higher ahead of the latest Bitcoin price pump
With the same stocks expected to enjoy “above average” returns this month, hopes are high for a strong end to the fourth quarter following September’s performance.
However, far from the macro, there are still individual success stories that beat Bitcoin in terms of initial returns. These focus on digital currencies, some of which have seen strange gains over a short period.
Solana (SOL), one of the most famous examples, started 2021 at around $1.60 and later reached an all-time high of more than $215.